ANNOUNCED AS TEMPORARYYes
On April 28, 2015, the Chilean Ministry of Public Finance passed the Exempt Decree 121 to establish new applicable discounts on customs duties on sugar for a one-month period starting on May 1, 2015. The new law established different reductions on the ad valorem customs duties. The applicable discounts were USD 20.78 per tonne of raw sugar; USD 112.15 per tonne in refined sugars qualified as Grade 1 or 2; and USD 57.32 per tonne in refined sugars qualified as Grade 3, 4 and other substandard. The previously applicable discounts were USD 47.99, USD 124.33 and USD 78.52 per tonne respectively.
The objective of this decree is to establish a relative margin for internal prices to fluctuate in comparison to the international market.
⚑ Please report this page in case you detect an inaccuracy in its content.